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In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Gemilang International's net current asset value per share for the quarter that ended in Apr. 2026 was HK$0.24.
The historical rank and industry rank for Gemilang International's Net Current Asset Value or its related term are showing as below:
HKSE:06163'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 0.81 Med: 2.44 Max: 11.04
Current: 2.9
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Gemilang International was 11.04. The lowest was 0.81. And the median was 2.44.
HKSE:06163's Price-to-Net-Current-Asset-Value is ranked better than 67.43% of 700
companies
in the Vehicles & Parts industry
Industry Median: 4.815
vs HKSE:06163: 2.90
Gemilang International (HKSE:06163) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Gemilang International Net Current Asset Value Related Terms
Gemilang International Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Gemilang International's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Gemilang International Net Current Asset Value Chart
HKSE:06163 vs ORLY, AZO, GPC: Net Current Asset Value Comparison
For the Auto Parts subindustry, Gemilang International's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Gemilang International Price-to-Net-Current-Asset-Value vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Gemilang International's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Gemilang International's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of HK$0.24 mean?
Gemilang International (HKSE:06163) has a Net Current Asset Value of HK$0.24 as of Apr. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Gemilang International and its competitors. According to the industry distribution chart, Gemilang International ranks #228 out of 700 companies in the Vehicles & Parts industry, placing it in the top 32.6%.
Is Gemilang International's Net Current Asset Value too high?
Gemilang International's current Net Current Asset Value is HK$0.24. Based on the distribution chart, Gemilang International ranks #228 out of 700 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Gemilang International has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Gemilang International's Net Current Asset Value compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Gemilang International ranks #228 out of 700 companies for Net Current Asset Value. This puts Gemilang International in the upper half of its industry. The industry median Net Current Asset Value is 4.82. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Vehicles & Parts company?
The median Net Current Asset Value among Vehicles & Parts companies is 4.82, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Gemilang International and its competitors. For the Vehicles & Parts industry, the median Net Current Asset Value is 4.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gemilang International's current Net Current Asset Value is HK$0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gemilang International stock overvalued right now?
Based on GuruFocus' analysis, Gemilang International (HKSE:06163) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$0.32, compared to a current price of HK$0.70 — trading 117.2% above its estimated fair value. The current Net Current Asset Value is HK$0.24. Gemilang International's overall GF Score™ is 37/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Gemilang International (HKSE:06163), the current Net Current Asset Value is HK$0.24 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Gemilang International (HKSE:06163) Overvalued in 2026?
Based on GuruFocus' analysis, Gemilang International stock appears to be overvalued.
The current stock price of HK$0.70 is trading 117.2% above its estimated GF Value™ of HK$0.32.
GuruFocus considers Gemilang International to be Significantly Overvalued.
Key valuation signals for HKSE:06163:
Net Current Asset Value: HK$0.24
GF Value™: HK$0.32 vs. price of HK$0.70 (117.2% above fair value)
No single metric tells the full story. See the HKSE:06163 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gemilang International Ltd designs and manufactures bus bodies and assembles buses. The Group divides its target markets into two segments, namely core markets which comprise Singapore and Malaysia, and developing markets which comprise all other markets to where the Group exports its products, including New Zealand, Hong Kong, and the USA. The Group's buses, comprising city buses and coaches in aluminum, mainly serve public and private bus transportation operators in its target markets. The Group's products mainly include single-deck, double-deck, and articulated city buses, as well as single-deck, double-deck, and high-deck coaches. It derives a majority of its revenue from Hong Kong.
37GF Score
Get the complete analysis for HKSE:06163
Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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